Sallie mae forbearance form 2025

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Now that the COVID-19 payment pause has ended, student loan payments have restarted. For most borrowers, the first payment after the payment pause ended was due in October 2023. Review important concepts, tips, and recommendations for repaying your student loans at Repaying Student Loans 101.
Once your student loan is in default, the entire Current Balance becomes due, not just the missed monthly payments. Your default may be reported to the consumer reporting agencies, where it can stay on your credit report for up to seven years.
Student loan forbearance can be an attractive option if youre facing financial difficulties. But your time in federal student loan forbearance generally doesnt count toward student loan forgiveness.
If youre struggling financially, forbearance may be an option for you. Forbearance is when your student loan payments are temporarily paused or lowered when youre experiencing financial hardship.
There are multiple ways to apply for a forbearance or deferment. OnlineYou may be able to apply for certain forbearances and deferments on your servicers website. Find your loan servicer. Mail or EmailTo apply by mail or email, you must. PhoneContact your loan servicer if you are experiencing financial hardship.
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Deferment: Generally better if you have subsidized federal student loans or Perkins loans, and youre unemployed or dealing with significant financial hardship. Forbearance: Generally better if you dont qualify for deferment and your financial challenge is temporary.

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